China’s forestry trade volume reached US$70.97 Bn in the first half of this year, up 10.8 per cent year-on-year, official data showed this week.
Total value of the forestry sector’s output reached RMB2.77 Tn, up 7.4 per cent YoY, according to the State Forestry Administration (SFA).
China’s forest parks saw about 700 million visits in the first six months of this year, up 16.7 per cent YoY and creating output value worth RMB550 Bn.
The SFA will allow some demonstration areas to develop forestry tourism and other sub-sectors as well as accelerating the establishment of industrial investment funds and private equity projects supporting emerging and strategic forestry sub-sectors.
China’s forestry aims to see its total industrial output value reach RMB8.7 Tn yuan by 2020, according to the development plan for the period of 2016 to 2020.